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Variable rate mortgages

Variable rate mortgages

Variable mortgages are the market standard, with a range of features that allow you to choose the frequency of your repayments, and facilities for redraw.

By applying for a variable rate mortgage, your interest rate will move along with the market rate, so you may find your repayments changing many times a year.

The alternative is to fix your rate for a few years, when you think that rates will rise in the future. Many borrowers choose a combination, splitting their loan so that some of it has a fixed rate and the rest a variable rate.

Get an expert opinion before you make the big decision.

Find the best fitting mortgage for you using RateCity’s home loan comparison tool.

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